Justice Ahmed Mohammed of the Federal High Court Abuja has fixed August 30, 2023, to deliver judgment on the suit by a former Governor of Zamfara State, Bello Matawalle, seeking to stop an investigation against him.

In the amended originating summons marked: FHC/ABJ/CS/753/2023 the State Security Service; Nigeria Police Force; Independent Corrupt Practices and other related offences Commission (ICPC), Economic and Financial Crimes Commission (EFCC), Nigerian Immigration Services, and the Attorney General of the Federation are the first to sixth defendants respectively.

Mattawalle, a ministerial appointee of President Bola Tinubu, in the suit sought a declaration from the court with regard to the judgments delivered by Justice Aminu Aliyu on May 31, 2023 in Suit No: FHC/GS/CS/30/2021 between The government of Zamfara and the EFCC and others, the fourth Defendant, has no authority or power to conduct an investigation, direct or cause to be directed, any inquiry or investigation and/or prefer any charge against the Plaintiff, his family, associates, and contractors to the Zamfara State Government, in respect of any money or funds belonging to the Zamfara State Government.

Also, based on the judgment and sections 4, 6, and 7 of the Zamfara State Anti-Corruption Law No. 12, 2021 he prayed the court to declare that any other body other than the Zamfara State Anti-Corruption Commission has no authority or power to conduct an investigation bordering on any alleged corrupt practices/financial crimes against him or his administration as Governor of Zamfara State.

In an affidavit in support of the originating summon Matawalle’s counsel, Kehinde Akinlolu (SAN) held that the totality of the purported findings and conclusions of the Defendants, particularly the 4th Defendant, by which they alleged corrupt practices and diversion of public funds of Zamfara State against him are utterly false and contrived to render him unworthy of leadership and public trust.

He argued further that all contracts awarded by his administration as Governor of Zamfara State were awarded through due process of law, properly documented and records were well kept.

He asserted that unless restrained, the defendants will arrest, detain and prosecute him, in breach of the extant Zamfara State Anti-Corruption Law and his constitutionally guaranteed right to fair hearing.

The counsel for the first defendant, O.A Aderohumu, asked the court to strike out the SSS name from the suit, while the counsel for the fourth defendant, M. K
Hussein prayed the court to dismiss the suit, describing it as unconstitutional and lacking in merit.

Legal counsel for the third and sixth defendants were absent during the Tuesday proceedings.

The representative of counsel for the fifth defendant M. B Kannap in an oral application said Immigration was empowered by section 31 of the Immigration Act 2015 to prohibit the departure of any person who is yet to satisfy an order of a court of competent jurisdiction or against whom a warrant of arrest had been issued.

In his ruling, the presiding judge, Ahmed Mohammed, reserved judgment on the matter till August 30.

In a bid to cushion the negative impact of the harsh operating environment on business caused by the removal of petrol subsidy, the Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, has said that the Value Added Tax on Automotive Gas Oil also known as diesel should be suspended.

Oyedele said this when he appeared on Channels Television’s Sunrise Daily programme on Wednesday.

Oyedele, a former Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers was appointed by President Bola Tinubu to head the committee whose scope includes fiscal governance, tax reforms and growth facilitation.

His suggestion is coming barely 24 hours after President Bola Tinubu inaugurated his committee with a charge to boost revenue to a level where Nigeria’s tax to Gross Domestic Product ratio will rise to 18 per cent in the next three years.

Oyedele explained further that the nation’s fiscal governance covers issues ranging from debt limit to the ratio of deficit to Gross Domestic Product (as indicated in the Fiscal Responsibility Act), reporting revenue generation and the quality of spending.

He stated further that there is a significant tax gap of over N20trn, adding that many people that are within the tax net have been evading payment of taxes.

He said, “What the President wants us to do is that within the first 30 days, there are those low-hanging fruits that people have generally agreed that this is a problem but nobody has done anything about it.

“Personally, for example, this is not promising that it would be done, but I think that we should suspend VAT on diesel because we removed fuel subsidy on petrol and prices are going up.

“We are going to table it before the committee. These are the things we want to do in the first 30 days.

“Some of them are in the tax net with one or two fingers. In fact, our plan is to repeal many of the taxes that currently make doing business difficult without introducing new ones, and yet collect more.”

Oyedele stated that Nigeria’s revenue generated through tax is one of the lowest in the world, noting that there is need to correct this in a manner that would boost revenue to finance key programmes of government.

For the nation’s economy to benefit from revenue generation, he said the collection of revenue should be assigned primarily to the Federal Inland Revenue Service, while reducing the revenue generation burden on the Federal Government’s Ministries, Departments, and Agencies.

He added, “At the Federal Government level alone, we had 63 MDAs that were given revenue targets in the 2023 budget, these agencies are being distracted from their primary function which is to facilitate the economy.

“Every state should just have one law that covers everything collectible by local government and the state government.”

He said the laws that would be created for tax collection should be transparent.

The Central Bank of Nigeria has said that Nigeria is still doing better than most African nations despite the high inflation witnessed across the country.

Acting Governor of the CBN, Folashodun Shonubi said this at the 2023 Zenith Bank International Trade Seminar in Lagos on Tuesday, August 8.

Shonubi who was represented by the Deputy Governor, of Economic Policy at the CBN, Kingsley Obiorah, said Nigeria’s inflation rate stood at 22.8 per cent, adding that the International Monetary Fund expected the country to have a growth moderation of 3.2 per cent in 2023.

Also outlining the various factors that have caused inflation witnessed in the country, the acting CBN Governor said;

“Now, when you come down to Africa and neighbouring Ghana, At the last count inflation there is at 42.5 per cent. We have it at 31 per cent in Ethiopia and 36 per cent in Egypt.

“So, in our dear country, we are at 22.8 per cent. When you hear these figures, it tells you that we’re not doing as badly but all of this has also affected economic growth itself. Today, the IMF has revised growth downwards from 3.5% per cent to three per cent this year and 3 per cent next year.

“For Sub-Saharan Africa, they expect growth to moderate from 4.1 per cent last year to 3.5 per cent this year, but to take back again to just slightly over 4 v next year. In Nigeria they expect us to do 3.2 per cent this year.

“We know that the war between Russia and Ukraine is contributing a lot as the two countries are very important commodity exporters. Both of them account for 30 per cent of sunflower exports in the world. So, when such a region is at war, you know what will happen to food prices worldwide.

“We know too that there’s been a shift in demand from goods to services; services are usually more expensive. There’s also the disruption going on in China today with their zero COVID policy, power cuts as we know, and then the switch from coal to more renewable energy has also meant that power is not as valuable as it used to be.”

Shonubi also claimed that the high rate of investment in property services in China has also led to disruptions in the supply chain.

He said;

“We see too in China today some correction in the property market. A lot of Chinese don’t have quite the kind of investment vehicles that say the average American has.

“A lot of them have put their savings into property. But that has meant an oversupply of property in China today. There are 65 million empty apartments in China.

“That’s enough to take the entire population of France. So that correction is also leading to supply chain disruptions.
“In the decade between 2001 and 2011, the non-oil exports to GDP ratio for Nigeria was 0.8 per cent. And you can imagine that in the next decade, so, from 2012 to 2022, we were still at 1.2 per cent, showing an increment of 0.4 per cent over 20 years.

”We need to be growing much faster. Countries that are way smaller than us are doing much better.”

Also explaining why Nigeria has to do better in exports, Shonubi said;

“The Netherlands has a land size of 34,000 square kilometres. So, if you add water, you go to 42,000. It might interest you to know that non-oil exports from the Netherlands is 29% of their GDP. Most times they do $108 billion in non-oil exports.

“Now keep in mind the Netherlands is smaller than Niger State, actually the size of Niger State. I’ll give you another example. Ireland is a country that sits on just about 70,000 square kilometres, and they routinely do non-oil exports of $170 billion so we can do better.”

The former Kaduna State Governor, Nasir El-Rufai, has paid a closed-door visit to President Bola Tinubu at the State House, following the Senate’s decision to withhold his ministerial nomination.

El-Rufai reportedly arrived at the Presidential Villa accompanied by ex-Rivers State Governor Nyesom Wike, whose ministerial nomination was successfully confirmed by the Senate.

The Senate’s decision to withhold El-Rufai’s nomination and that of two other nominees had generated reactions within political circles.

Yemi Adaramodu, the spokesperson for the Senate and representative of Ekiti South Senatorial District, had indicated that there might be a re-screening process for the pending nominees.

He shared this during an appearance on Channels TV’s Sunrise Daily programme.

“The question raised about them is an ongoing issue. So, once the Senate is satisfied, definitely, if we need to invite them to the chamber for re-confirmation and re-screening, then we’ll do that.”

While the agenda of El-Rufai’s meeting with Tinubu remains unknown at press time, the timing of the visit, following the Senate’s decision, suggests he may be seeking Tinubu’s intervention over his pending ministerial confirmation.

The suspended Central Bank of Nigeria (CBN) governor, Godwin Emefiele has asked a Federal High Court Sitting in Lagos to stop the Federal Government from further prosecuting him on the charge of illegal possession of a firearm and ammunitions or on any other charge for that matter.

He’s also seeking an order of the court discharging him of all offenses prosecuted by the Government who is in “brazen disobedience” of the subsisting orders of the court granting him bail on July 25, 2023.

Emefiele also asked for a further order prohibiting the FG from continuing to enjoy any form of indulgence from the courts except and unless it complies with the bail ruling.

Through his lawyers led by Senior Advocate of Nigeria, Joseph Daudu, the suspended CBN Governor filed an application to this effect before Vacation judge, Justice Nicholas Oweibo who had admitted him to bail after his arraignment.

The application was filed pursuant to Section 6(6)(a) of the 1999 Constitution (as amended), relevant sections of the Administration of Criminal Justice Act, 2015 and under the inherent powers of the court.

Emefiele asked Justice Oweibo to stay further proceedings in the present charge until he exhausts all the remedies available to him in law to compel the government & the DSS to obey the order of the court admitting him to bail or remanding him in the custody of the Nigerian Correctional Centre until he perfects his bail terms.

A member of the defence team, Senior Advocate of Nigeria, Victor Opara confirmed that the application which was filed yesterday, Aug 8th, has been served on the FG, today.

The application seeks to invoke the jurisdiction of the court to enforce its orders so as not to be seen as a toothless bull dog or paper tiger.

The applicant also says that the processes seeks to preserve and protect the efficacy, majesty and integrity of the court as well as the rule of law in our democracy

Channels Television has also gathered that the Federal Government, last week, filed an application before the court seeking leave to appeal against the order granting bail to the suspended CBN governor.

Justice Oweibo has fixed Thursday, Aug 10 to hear the application.

In the application filed on Aug. 3rd, by a deputy director of public prosecutions of the Federation, Nkiru Jones-Nebo, the FG also asked the court to stay execution of the order remanding Emefiele in the custody of the Nigeria Correctional services and to make an order remanding him instead in the custody of the DSS.

The National Security Adviser, Nuhu Ribadu, says the administration of President Bola Tinubu will give special attention to the safety and security of students and schools in the country.

Ribadu stated this on Wednesday in Abuja at a Strategic Forum On Achieving Safer Schools organised by the Nigeria Police Force.

The programme was themed, ‘Imperative for a safer teaching and learning environment for the future of Nigeria’s national development: the need for national collective action’.

It was aimed at strengthening synergy amongst security agencies towards tackling the myriads of security challenges including mass kidnapping in schools within the country.

At the Forum, Ribadu said, “Undoubtedly, education has always been the cornerstone of progress in any society and as we strive to build a prosperous country for the future of our children and the generation yet unborn, it is critical that we prioritise the safety and security of our educational institutions at all levels.

“The administration of President Bola Tinubu pledged to work with both state and local government authorities to reform and retool the nation’s educational system by giving special attention to security of our schools, welfare and training of teachers and students.”

Ribadu, who was represented at the event by Major Gen A.M Dikko (rtd), said the invasion of schools by bandits and other armed persons has impacted on school enrolment in the country, especially in the northern region.

He tasked all the security agencies in the country on the need for intelligence gathering and sharing to curb the menace.

The Inspector General of Police, Kayode Egbetokun, who was the host of the programme, said the Tinubu administration is determined to protect students and give them safe learning environment.

Others at the event include the Chief Of Defense Staff, Maj-Gen C G Musa represented By Air Vice Marshal A.V. Ndache; the Chief Of Army Staff Maj Gen Taoreed Lagbaja; the Chief Of Naval Staff, Rear Admiral Emmanuel Ogalla represented by Commodore S.M Ahmed; the Chief Of Air Staff, Air Marshall Hassan Abubakar represented by Brig Gen G.O Esho.

Mass abduction of students by bandits was one of the major security challenges that confronted the administration of ex-President Muhammadu Buhari.

In February 2021, bandits abducted over 300 schoolgirls in Jangebe in Zamfara State. In the same month, bandits kidnapped dozens of students and workers of Government Science College in Kagara, Niger State.

In 2020, bandits abducted over 300 schoolboys from Government Science Secondary School in Kankara, Katsina State. Aside from Jangebe, Kankara and Kagara, non-state actors previously abducted hundreds of secondary school girls from Chibok, in Borno State; and Dapchi in Yobe State.

First Bank of Nigeria Holdings Plc (FBNH) has insisted on electing Femi Otedola, its former highest single shareholder as a director despite opposition from other shareholders.

FBNH has also amended the agenda of its disputed Annual General Meeting (AGM) to include the raising of the capital of N150bn through the right issues.

This was disclosed in a filing seen by THE WHISTLER on Wednesday.

A rights issue is an invitation to existing shareholders to purchase additional new shares in the company.

The bank had announced its AGM to hold on August 15, 2023, where it plans to elect Samson Oyewale Ariyibi as an Executive Director and Olufemi Otedola as Non-Executive Director.

But Olusegun Samuel Onagoruwa petitioned FBN Holdings upon which the order was obtained in suit No: FHC/L/CP/1271/2022.

The order which was addressed to Nnamdi Okonkwo, FBN Holdings Chairman said, “Take notice that unless you obey the directives in the Judicial Order contained in the Order made on the 15th July, 2022 by the Federal High Court, Lagos, by refraining from proceeding with the 11th Annual General Meeting of FBN Holdings Limited proposed for 15th August 2023 from seeking approval to issue or raise share capital in any manner whatsoever, from appointing or confirming the appointment of new directors, or in any other manner taking any step towards implementing, actualising enforcing resolution of the 10th Annual General Meeting of FBN Holdings Plc held on 20th June 2022 or in any other manner overreaching, disobeying or undermining the said Order of court, you will be guilty of contempt of court and you will be liable to be committed to prison and to there imprisoned.”

In a swift reaction, the shareholders group under the aegis of the Trustee Shareholders Association of Nigeria, TSAN protested at the First Bank’s Head Office in Lagos.

Some of the protesters carried placards with inscriptions, “Otudeko, First Bank is Greater than you.’

TSAN Chairman, Mukhtar Mukhtar registers the shareholders’ displeasure of the attempt by some shareholders to prevent the AGM of the Holdings.

He also frowned at moves at preventing them from getting approval from shareholders to take critical resolutions meant for the interest of the bank.

In the regulatory filing, FBNH is still insisting on the election of two of Otedola and Ariyibi which have been opposed by Onagoruwa’s group.

The Bank said that “That there shall be a capital raise of up to N150,000,000,000.00. The capital raise transaction shall be by way of a Rights issue, on such terms and conditions and on such dates as may be determined by the Directors, subject to obtaining the approvals of the relevant regulatory authorities.

“(c) The Rights Issue referred to in Resolution (b) above may be underwritten on such terms as may be determined by the Directors, subject to obtaining the approvals of the relevant regulatory authorities.

“(d) That any shares not taken up by existing shareholders within the period stipulated under the Rights Issue may be offered for sale to interested shareholders of the Company on such terms and conditions as may be determined by the Directors, subject to obtaining the approvals of relevant regulatory authorities.”

Otudeko through his vehicle Honeywell Group Limited (HGL) acquired 4.7 billion shares of FBN Holdings in July 2023.

Honeywell made the acquisition through Barbican Capita Ltd which elevated Barbican’s shares to 13.3 per cent as against Otedola’s 7.57 per cent shares in the company.

FBN Holdings announced, “This is to inform the public and our stakeholders that the Company received a notification dated July 7, 2023 from Honeywell Group Limited that its affiliate, Barbican Capital Limited has acquired an aggregate of 4,770,269,843 units of shares from the Company’s issued share capital of 35,895,292,791, as at the above-referenced date.

“Based on the foregoing, the equity stake of Barbican Capital Limited in the Company is 13.3 per cent.”

In December 2021, billionaire businessman, Otedola became the single largest shareholder of FBN after acquiring 7.57 percent of the issued shares capital.

The House of Representatives has threatened to invoke its constitutional power on IPPIS, the Budget Office and the Assets Management Company of Nigeria (AMCON) over failure to appear before it in an ongoing job racketeering probe.

The threat was made by Rep. Yusuf Gagdi, chairman of the ad hoc committee investigating job racketeering and mismanagement of IPPIS in MDAs in Abuja on Wednesday.

Mr Gagdi said the committee was in a dilemma why IPPIS and the budget office were absent at the meeting.

The committee subsequently summoned the Accountant General of the Federation to bring along the IPPIS officer before the committee on August 10, adding that any further attempt to run away would be resisted.

He also queried why Haruna Kolo, the prime suspect in the FCC job racketeering saga, did not appear before the committee after he was asked to present himself on Wednesday.

“I also don’t know why Kolo is not coming back to appear before this committee; he seems to have absconded. I will sign a letter to AMCON to produce Kolo on Thursday.

“It is better he listen to us unless he is acting a script and selling lies to us; he should come so we can interact with him. We owe everybody the duty of care.

“We need him by 10:00 a.m. tomorrow, the clerk of the committee should call AMCON on the phone and tell them to produce Kolo, or do they know what Kolo is hiding,” he asked.

He further said Mr Kolo should appear tomorrow or else the committee would exercise its constitutional power, adding that he is a staff of AMCON unless he wants to lose his job and miss his freedom.

Meanwhile, Abdulrahman Ibrahim, a witness in the ongoing investigation on job racketeering, has faulted claimed by some commissioners in FCC that they had not been given any slot since they were appointed.

Mr Ibrahim, a beneficiary of the job racketeering and the Personal Assistant to the commissioner representing Taraba said, ” All the commissioners were given slots.”

According to him, they were given two slots each per state. There was an interview, and other processes followed in 2023.

Also, Yisha’u Gambo, the driver to the commissioner representing Taraba, who spoke in Hausa, said he collected N2 million for Mr Kolo, which a job seeker paid.

“Kolo met me and said I should talk to people that need employment so that he could talk to them. Then he called me to bring one person, and I said there are many that have been talking to him and that they were willing to buy a slot,” Mr Gambo said.

The investigation continues Thursday as witnesses and the affected MDAs have been ordered to appear. 

(NAN)

Niger was slapped with more sanctions on Tuesday (8 August), hours after its new military leaders rejected the latest diplomatic mission aimed at restoring constitutional order following a 26 July coup.

Nigeria’s President Bola Tinubu ordered the new sanctions through Nigeria’s central bank, aimed at squeezing entities and individuals involved in the takeover, a presidential spokesperson said.

It came after Niger’s junta denied permission to enter Niger to a joint delegation from West African states, the African Union (AU) and the United Nations, resisting pressure from the United States and the United Nations to come to the negotiating table.

The denial raises the stakes in a search for a solution after the coup that western powers fear will destabilise the Sahel region of West Africa, one of the world’s poorest that is already dealing with a string of coups and a deadly Islamist insurgency. It also threatens US and Western interests in its former ally.

Heads of state from the Economic Community of West African States (ECOWAS) are preparing for a summit on Thursday to discuss their standoff with the junta, which defied a 6 August deadline to reinstate ousted President Mohamed Bazoum.

ECOWAS defence chiefs agreed on Friday on a possible military action plan, which heads of state are expected to consider at their summit in the Nigerian capital, Abuja.

Still, Tinubu’s spokesperson said the leaders prefer a diplomatic solution.

“No options have been taken off the table,” the spokesperson told reporters in Abuja, adding that “far-reaching decisions” would be taken at the summit concerning the bloc’s next steps.

Explaining the decision to not allow the delegation in on Tuesday, Niger’s junta said it could not guarantee their safety in the face of popular anger. It also denounced “a climate of threatened aggression against Niger”.

An AU spokesperson confirmed that a mission had been denied access, while ECOWAS declined to comment.

The junta had already snubbed meetings with a senior US envoy and another ECOWAS delegation.

Under Bazoum, Niger was relatively successful in containing an Islamist insurgency devastating the Sahel region and was an important ally for the West after two of its neighbours rejected former colonial power France and turned towards Russia instead.

Niger is the world’s seventh-biggest producer of uranium, the most widely used fuel for nuclear energy, adding to its strategic importance.

The United Nations said Secretary General Antonio Guterres strongly supported mediation efforts by ECOWAS, while US Secretary of State Antony Blinken told French radio station RFI diplomacy was the best way to resolve the situation.

He declined to comment on the future of some 1,100 US troops in Niger, where French, German and Italian troops are also stationed.

Blinken later told the BBC he was worried that Russia’s Wagner mercenaries could take advantage of the instability in Niger to strengthen their presence in the Sahel.

“I think what happened and what continues to happen in Niger was not instigated by Russia or by Wagner, but to the extent that they try to take advantage of it – and we see a repeat of what’s happened in other countries, where they’ve brought nothing but bad things in their wake – that wouldn’t be good.”

Russian flags

US Acting Deputy Secretary of State Victoria Nuland flew to Niamey on Monday but was denied permission to meet coup leader Abdourahamane Tiani or Bazoum, who is in detention. She told reporters her talks with more junior officers were “frank and difficult”.

Last week, ECOWAS sent a mission to Niamey led by Abdulsalami Abubakar, a former military ruler of Nigeria, but Tiani also refused to see him.

In contrast, Tiani on Monday met a joint delegation from Mali and Burkina Faso, both neighbouring countries where the military has seized power from civilians.

“We will not accept military intervention in Niger. Our survival depends on it,” said Abdoulaye Maiga, a spokesman for Mali’s junta, appearing on Niger state television.

Some pro-coup demonstrators in Niamey have held up Russian flags, which are in fashion according to residents and fabric vendors.

“I’m a fan of the Russian flag, which is why I’ve come today to buy fabrics for the tailor to make me a flag,” said Okacha Abdoul-Aziz.

Western allies fear that Niger could go the way of Mali, which threw out French troops and UN peacekeepers and invited in mercenaries from Wagner group after a 2021 coup.

“Every single place that this Wagner group has gone, death, destruction and exploitation have followed,” Blinken told the BBC.

Alongside the Malian army, fighters presumed to be from Wagner have carried out a brutal military offensive, executing hundreds of civilians last year, witnesses and rights groups say, charges the army and Wagner deny.

In a new report seen by Reuters on Monday, UN sanctions monitors said they had also used a campaign of sexual violence and other grave human rights abuses to terrorise the population.

[euractiv]

In a surprising turn of events, FC Barcelona’s winger Ousmane Dembélé is poised to make a move to Paris Saint-Germain (PSG), as confirmed by Barcelona’s director Mateu Alemany. The deal, which has been in the works behind the scenes, is now in its final stages and is expected to be officially announced later this week. This announcement comes as a significant development in the world of football, with fans and experts alike eager to witness the effects of this transfer.

The news broke via well-known transfer market insider Fabrizio Romano, who reported Alemany’s statement regarding Dembélé’s impending move to the French capital. According to Romano, Alemany stated, “Ousmane Dembélé is on his way to Paris. The deal is done, we just have to sign all documents.” This has set the football community abuzz with speculations about the terms of the transfer and the impact it will have on both clubs.

Dembélé, known for his pace, skill, and versatility on the field, joined FC Barcelona in 2017 from Borussia Dortmund. However, his time with the Catalan club has been marred by injuries, which limited his playing time and potential contributions. Despite flashes of brilliance, his inconsistent performances and fitness concerns seemed to have contributed to this decision.

On the other hand, Paris Saint-Germain, currently one of the football powerhouses in Europe, is making significant moves in the transfer market to strengthen its squad. Dembélé’s potential addition could provide PSG with added attacking depth and a different tactical dimension. With stars like Lionel Messi and Neymar already in their ranks, Dembélé’s arrival could further bolster the Parisian club’s offensive prowess.

While the financial details of the transfer remain undisclosed, it is expected that both clubs have negotiated terms that benefit their respective interests. The move will undoubtedly have ripple effects across the football landscape, impacting player dynamics, team strategies, and league competitions.

The impending official announcement of Ousmane Dembélé’s transfer from FC Barcelona to Paris Saint-Germain marks a significant turning point for both the player and the clubs involved. Football enthusiasts are eagerly awaiting more details about the deal, which could reshape the balance of power in the European football scene for the upcoming season.

Source: Fabrizio Romano